Global Investments, Pearson New International Edition, 6th edition

Global Investments, the Sixth Edition of the previously titled International Investments, provides accessible coverage of international capital markets using numerous examples to illustrate the applications of concepts and theories. The new title reflects the current understanding that the distinction between domestic and international is no longer relevant and that asset management is global. This book is ideal for CFA® (Chartered Financial Analyst) candidates, advanced finance undergraduates, and MBA students, and it has been selected by the CFA Institute as part of the curriculum to deliver the Candidate Body of Knowledge for the CFA.
The text is also widely used by professionals working in the investments area, as the level is accessible to students and portfolio managers without recent training in portfolio theory.

Hallmark Features

• Recent academic and practitioner research is integrated into coverage of fundamental concepts.
• Content is updated and revised for use in the CFA® program and reviewed by CFA® Charter holders.
• Learning Outcome Statements guide the reader to all major points in the chapter and follow the progression of topics in the chapter.
• The model-in-action approach motivates students to engage with content by using valuation and portfolio-management skills learned in the chapter to solve problems.
• Numerous examples illustrate the applications of all major concepts and demonstrate answers to the model-in-action questions posed at the outset of the chapter.
• Concepts in Action boxes, drawn from popular press articles, provide recent illustrations of the concepts.
• Two capstone cases at the end of Chapter 13 allow students to apply many of the concepts they have learned in preceding chapters. Proposed solutions are provided.
• A global perspective allows this text to be used successfully in courses and professional seminars around the world.

New to this Edition

• The new title, Global Investments (formerly International Investments), reflects the current understanding that the distinction between domestic and international is no longer relevant and that asset management is global.
• Chapters 1 and 2 are revised to reflect current, practitioner-friendly notation for exchange rates.
• Chapter 8, Alternative Investments, is extensively revised to reflect the ever-increasing importance of this area, particularly with respect to hedge funds and private equity.
• Chapter 11, Currency Risk Management, is reworked to add more on currency overlay and to make it more practical for portfolio managers and investment advisors to determine desired hedge ratios.
• In Chapter 12, Global Performance Evaluation, a new, more extensive example of single-period performance evaluation is added and the material on multi-period performance evaluation is reworked to make it more accessible.
• Chapter 13, Structuring the Global Investment Process, is extensively revised to reflect the traditional investment policy and asset allocation approach to private wealth management as well as the liability driven investment approach.